💥💥Bitcoin Price Prediction💥💥

Bitcoin‘s technical analysis as of December 16 shows it navigating around a pivotal $43,400. Facing resistances at $44,715, $46,000, and $47,250, Bitcoin also has supports at $41,695 and lower.

Its RSI at 74 suggests an overbought scenario, yet its position above the 50-Day EMA of $42,315 leans towards a short-term bullish trend.

A key factor is the 38.2% Fibonacci retracement at $41,650; falling below this could lead to further supports around $40,600.

Overall, Bitcoin maintains a cautious bullish stance above $43,400, with potential resistance tests ahead influenced by broader market dynamics.

🌼Like and Follow for more!🌼

$BTC $ETH $BNB